Reconnaissance Energy (Africa) Ltd V.RECO

How is the drilling going?

[Adwari]

The first prospective section of the well is designed to reach 4,800 feet in depth where intermediate casing will be set.

When are they expected to reach this target.  I want to see a big payload of oil. Go RECO

[grenouille]

unrealistic expectations are a good way to premeditate disappointment.  the first well is being drilled for information, not for oil.

[teheran10]

can you elaborate please? I AM GOING WITH THE SCIENCE AND HAVE TOTAL FAITH IN THE MANAGEMENT. InshaAllah

[grenouille]

t-10, i was responding to "I want to see a big payload of oil."  at the first well, i think that's an unrealistic expectation.  that's not what they are looking for.  they are looking for some baseline data about the basin.  it's possible they could hit oil on this hole, but it's long shot odds.  

[ratsnake220]

they said they wil issue results after 3 holes Relax...you either have a $10 stock then or a one dollar stock...and you know in a month

[Elephants]

It will not be $10, that's for sure. It'll blow past that like an express train.

[ratsnake220]

elephants....said it will not be $10 it will blow by that like a express train.....i sure hope so Elephants....i own in my high risk section and i only own two plays in sector...the other is TXP which is de risked...but not the upside potential of RECO....What i dont like to see is shorters putting a number on this as a prediction.....if they hit...Great...if they dont....okay...i would have lost